Islamabad: The Multan Electric Power Company (MEPCO) has achieved a remarkable financial turnaround, converting a loss of Rs 36 billion in 2023-24 into a profit of Rs 1.05 billion in 2025-26.
As per the Ministry of Energy (Power Division), the turnaround of one of Pakistan’s largest and most difficult power distribution companies was done under the leadership of Federal Minister for Power Sardar Awais Ahmed Khan Leghari, said a press release issued on Wednesday. The recovery was gradual and sustained rather than a one-off correction, it added.
“Line losses reduced from 15.2 percent to 11.9 percent over the same period, while recovery improved from 98.6 percent to 100.8 percent – figures that reflect tighter billing, reduced theft, and stronger consumer confidence.”
The turnaround is attributed to a deliberate set of reforms, including the appointment of an independent Board of Directors insulated from day-to-day interference, consistent policy guidance and performance monitoring from the Ministry, automation and meterization of the network, and a renewed focus on consumer service.
The approach marks a shift from ad hoc intervention to structural, governance-led reform across the DISCO.
The Ministry said MEPCO’s result is a template rather than an exception, and that the same combination of independent governance, transparency, and technology-led monitoring is being extended across other distribution companies as part of a wider effort to end circular debt and put the power sector on a sustainable path of growth.